^{_{Welcome to the TraderTV Live Morning Research Note. Here's what's making major moves in the market today.}}

0830 - PCE price index y/y for August: Expected 2.7%; Prior 2.6%
0830 - PCE price index m/m for August: Expected 0.3%; Prior 0.2%
0830 - Core PCE price index y/y for August: Expected 2.9%; Prior 2.9%
0830 - Core PCE price index m/m for August: Expected 0.2%; Prior 0.3%
0900 - Fed’s Barkin speaks
1000 - UMich consumer sentiment for September: Expected 55.4; Prior 55.4
1300 - Fed’s Bowman speaks

Intel Corp (INTC)

+3.85%

The Wall Street Journal reported that CEO Lip-Bu Tan has been actively pursuing funding and partnerships with both Apple and TSMC to aid the company’s turnaround; the discussions with Apple were first reported earlier this week. Talks have been intensifying since the US government acquired a nearly 10% stake in Intel and began pushing for industry support. Separately, the Wall Street Journal reported that the Trump administration is drafting a plan requiring chipmakers to produce in the US the same volume of semiconductors their customers import, with tariffs imposed on those failing to meet the one-to-one balance.

Oracle Corp and Dell Technologies

-0.94%

On watch after US President Donald Trump signed a long-awaited executive order to keep TikTok in the country. Trump and others on his team named Oracle as a key player in the deal, and a CNBC report hours before the signing indicated that the company is one of the deal’s main investors. Michael Dell, the founder and CEO of Dell Technologies, was also named by Trump as a participant in the TikTok deal.

ORCL, DELL

Tesla Inc (TSLA)

+0.12%

Deutsche Bank raised its price target for the stock to $435 from $345 while maintaining a Buy rating, citing stronger-than-expected Q3 deliveries and optimism around robotaxi and Optimus as key growth drivers. The bank forecasts 461,500 deliveries, for Q3, ahead of consensus, with 20% growth in China and North America offsetting weakness in Europe. Deutsche Bank also warned that margins may soften in Q4 due to lower volumes and tariff costs. Wedbush, meanwhile, raised its price target for the stock to $600, citing expectations of an accelerated AI-driven autonomous path by 2026.

Crypto Stocks

-0.58%

On watch as a group following sector-wide weakness on Thursday, with Bitcoin closing nearly 4% lower and Ethereum dropping by 6.7%. The market also traded marginally lower on Thursday as traders digested a stronger-than-expected GDP print for Q2 2025.

COIN, MSTR, MARA, RIOT, IBIT, ETHE, HUT, IREN, CAN, HIVE

Alphabet Inc and Meta Platforms

+0.23%

The Information reported that Meta has held early discussions with Google Cloud about using its Gemini and Gemma AI models to improve ad targeting, despite having heavily invested in its own AI efforts. The talks highlight Meta’s struggles to scale its in-house AI technology and suggest it may consider leveraging Google’s models to enhance its ad business. Separately, Meta announced via its blog that it will start offering a subscription service for ad-free access Facebook and Instagram in the UK. The service will be priced at £2.99/month on the web or £3.99/month on iOS and Android, with reduced rates for additional accounts.

GOOGL, META

Li Auto and Xpeng Inc

+4.24%

Both companies’ US-listed shares are gapping up on individual catalysts. Li Auto is launching the Li i6, a five-seat battery electric SUV priced at about $35,000, with deliveries starting September 27, 2025. The launch marks Li Auto’s push into China’s competitive pure EV segment, dominated by rivals like BYD and Tesla. Xpeng, meanwhile, announced plans to enter five European markets following its partnership with Magna International.

LI, XPEV

Pharma Companies and Furniture Companies

-1.04%

President Donald Trump took to Truth Social to announce tariff measures that will impact both sectors. On Thursday night, Trump announced a 100% tariff on all branded or patented pharmaceutical products imported into the US, with exemptions for companies already building drug manufacturing plants domestically. On Friday morning, Trump announced the imposition of a 50% tariff on kitchen cabinets, bathroom vanities, and “associated products”, as well as a 30% tariff on upholstered furniture. Trump has previously indicated plans to announce tariffs on both industries, with all of these new tariffs to take effect as of October 1.

LLY, MRNA, ABBV, JNJ, WSM, W, RH

CleanSpark Inc (CLSK)

-4.39%

Trading sharply lower premarket after JPMorgan downgraded the stock from Overweight to Neutral and reduced its price target from $15 to $14. The analyst attributed the downgrade to concerns around the company’s valuation, flagging limited upside. JPMorgan described the company as a “best-in-class operator” but noted that their recent expansion to 50 EH/s seems to have been priced in by the market.

Wolfspeed Inc (WOLF)

-26.49%

Gapping down after closing 16.6% lower on Thursday’s session. The stock does not appear to be moving on any immediate catalyst, though their bankruptcy-related reorganization plan was reportedly approved as of September 19. Wolfspeed has a market capitalization of $289.47 million and a short float of approximately 32.65%.

Top KingWin Ltd (WAI)

+65.19%

Gapping up after announcing a sales contract with Walker Times International to sell 10,000 TKD2C AI robots. The robots are slated to be sold for $480 each, for proceeds totaling $4.8 million. The stock has a market capitalization of $5.95 million and a float of 1.88 million shares.